Legal

Allocating Risk With "Additional Insureds"

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Dan Drabek

You're starting to get contracts on bigger and bigger jobs, even — can you believe it? — government contracts. Good for you. But it's important to know what you're getting into: These contracts may contain terms you don't typically see on smaller jobs.

Sometimes, for instance, the construction contract between the contractor and the property owner requires the contractor to name the property owner as an "additional insured" on the contractor's liability insurance policy.